Shippo raises $30m to boost e-commerce shipping businessTagged with: D1 Capital Partners | Laura Behrens Wu | Shipping platform | Shippo
Shippo, a US-based e-commerce shipping solution provider, has raised $30 million through a Series C funding round to boost its shipping business.
The Series C funding round, which was led by D1 Capital Partners, has helped the e-commerce shipping solution provider to grow its total capital to $59 million.
Bessemer Venture Partners, Uncork Capital, Union Square Ventures, and Version One, which are the existing investors of Shippo also took part in the Series C round.
Laura Behrens Wu – Co-Founder and CEO of Shippo said: “Shipping shouldn’t be seen as a cost centre, it’s a growth engine. When used properly, shipping is a tool for businesses to gain consumer confidence, increase conversions, and drive repeat buying by building loyalty. Except, many of these benefits have historically been reserved for the savviest and most resource-rich businesses.
“Shippo is changing that dynamic. We’re making shipping an order as easy as sending a text message. Merchants will no longer stress over the right carriers to use, shipping options to show their customers or labels to purchase. They trust Shippo to optimise for their growth.”
Established in 2013, Shippo is said to be developing an advanced shipping platform designed for e-commerce businesses.
Shippo’s platform is utilized by merchants to link their sales channels such as Shopify, eBay, Amazon, Wix, Square, and others to handle their end-to-end shipping needs, which includes the checkout experience as well. Furthermore, the Shippo platform is said to help in the purchase of labels and also in tracking shipments from 58 plus shipping carriers across the world.
The multi-carrier platform of the company is claimed to enable over 35,000 businesses to get live shipping rates, print labels, automation of international paperwork, tracking of packages, facilitation of returns, and other services.